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This month, the conclusion is going at the top because it can be hard to read through and interpret all the data. In a nutshell, the data is sending mixed signals. Delivery volume is slowly drifting lower, but some of the underlying data is starting to show large deviations from the mean. In particular, silver […]
Gold deliveries in February came in quite low for a major month, totaling only 15,055. This is the lowest month going back to February 2020 (pre-Covid). The chart below shows the big spike in deliveries seen after Covid started. While the current month is still above any pre-Covid month, it is small when compared to […]
The Federal Reserve came close but still fell short of its $95 billion per month balance sheet reduction target through the last full week in February. This means the Fed has fallen short in 8 of the last 9 months. And with rising interest rates coupled with even this modest balance sheet reduction, the Fed […]
Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make […]
Any suggestion of returning the monetary system to a gold standard is immediately met with howls of protest. “It’s impossible!” were told. But Bettina Bien Greaves who was a translator, editor, and bibliographer for economist Ludwig von Mises’ works argues that there is no practical reason we couldn’t return to a gold standard. The objections […]
The data over the last several months has been spot on in predicting the moves in gold and silver. November showed the market was in neutral, but then the December analysis correctly identified an impending move upward, and the January review concluded that gold may need a breather before moving higher. So, what about this month?
Gold inventory in COMEX vaults declined by nearly 5% in a single month. This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into […]
One of the characteristics of gold is that it preserves wealth in a world of constantly devaluing fiat currency. Put another way, it preserves your purchasing power over time.
Garbage in, garbage out. The phrase is usually associated with computers, but it also applies to the formulas used to generate government economic data. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey goes over the January CPI and retail sales data with that phrase in mind.
With the CPI losing the relief from cooling energy prices, this month showed a solid uptick in prices, coming in at 0.54% (~6.6% annualized).
